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HUD Scorecard Depicts Housing Recovery

Fri November 11, 2016

The latest housing scorecard from the U.S. Department of Housing and Urban Development paints the picture of health and recovery across the national housing metrics including increased new and existing home sales as well as decreased foreclosure starts.

“In October, we have seen a rebound in new home purchases and an increase in new home sales,” says Vanessa Perry, Senior Advisor to HUD Secretary Julian Castro on housing finance. “Part of that is seasonal but it is still very good news. Home prices are up again according to the FHFA and we are seeing slightly declining foreclosures. That is continuing evidence of recovery in the housing market.”

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